Let me start by offering my deepest condolences to the family of Jennifer Riordan, who was fatally injured during an in-flight engine breakup on Southwest Flight 1380. A faulty blade on one of the plane’s CFM56 turbofan engines snapped off,… Read More
As I mentioned at the beginning of last week, the market has transformed from a straight shot moneymaking bull market machine into more of a runaway train headed for untested track in near-zero visibility conditions. Take what you know and throw it — along with most of your logic —… Read More
The market just got a bit of a reality check. Last week, after running up more than 60% with no significant pullbacks, the Dow Jones Industrial Average finally took a 5.3% haircut in a matter of six days. Then, on Monday, the Dow plunged by as much as… Read More
From Day 1, Trump has promised big things for the economy. Though the mechanisms of action have been questionable, the President has managed to spur growth in not just the stock market (with a 20.4% annual gain) but in the broader economy as well. Tax cuts, regulatory reductions, and promises… Read More
When Robert Shiller won the Nobel Prize in Economics in 2013, I was mainly familiar with his work through books he had written. But after he won the award, I began digging into his papers. It’s surprising how much tradable information is in the old papers of Nobel Prize winners. Read More
The Affordable Care Act (better known as “Obamacare”) has completely rearranged the healthcare chessboard and left many wanting, frustrated and confused, especially now that its future has become less clear. And I think it’s safe to say that the real beneficiaries of the ACA have been the insurance companies. As… Read More
Elon Musk is perhaps one of the greatest marketers of our time. The optimistic showman, with his hand on the pulse of consumers’ desires, knows how to excite investors. He can dance around setbacks and keep most of us sold on his grandiose ideas that may or may not ever… Read More